Be Free RE: Accelerate to Financial Independence through Real Estate

003 - GETTING STARTED - Why do people not start? How much money do you need? What are good areas?

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WHY DO PPL NOT START?

  • Real Estate is an investment. There is risk.
  • Do your homework, but don't think that analyzing will be a substitue for doing
  • Borrow experience from realtor/mentors

    • MONEY

    • You need between 0% and 25% downpayment
    • You need $5-8k of reserves
    • You will need $2-4k of closing costs
    • Highly recommended; 3 months of personal rainy day money

      • GOOD AREAS

      • Tony: Population growth, job growth, good mix of appreciation or cash flow depending on your interests
      • John: pick a company and see where they are putting stores/offices
      • Details: who is your tenant? what do they want? where do they want to work?
        • ...more
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        Be Free RE: Accelerate to Financial Independence through Real EstateBy John and Tony
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